In a social media post, Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, provided a status update on the recent situation. He assured followers that “everything is fine with MtGox” and revealed that the trustee is currently moving coins to a different wallet in preparation for a distribution that is expected […]
Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $ 2-million fine, according to The Economic Times. The Indian Financial Intelligence Unit (FIU) mandated that foreign crypto exchanges, …
A London woman has been convicted for money laundering, having been found with over $ 4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly $ 2 billion fine from Ripple Labs in a landmark XRP lawsuit, a move Ripple’s CEO deems unprecedented. The activation of a …
The U.S. Securities and Exchange Commission (SEC) is seeking nearly $ 2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $ 2 billion fine. “We will continue to expose the SEC for what they are when we respond …
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $ 21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail …